LivePerson (NASDAQ:LPSN) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of LivePerson (NASDAQ:LPSN) from a sell rating to a hold rating in a research report released on Saturday.

A number of other brokerages have also recently weighed in on LPSN. Needham & Company LLC reissued a “hold” rating on shares of LivePerson in a research report on Thursday, August 1st. Barclays lifted their target price on LivePerson from $0.75 to $1.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Finally, Craig Hallum lowered LivePerson from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1.25.

LivePerson Stock Performance

Shares of LivePerson stock opened at $0.78 on Friday. The firm has a fifty day moving average of $1.11 and a two-hundred day moving average of $0.97. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 10.24. LivePerson has a 52 week low of $0.45 and a 52 week high of $3.98.

Insiders Place Their Bets

In related news, CFO John Deneen Collins sold 85,126 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.05, for a total value of $89,382.30. Following the completion of the sale, the chief financial officer now directly owns 287,604 shares in the company, valued at approximately $301,984.20. This trade represents a 22.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey Ford sold 21,935 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $1.14, for a total value of $25,005.90. Following the transaction, the chief accounting officer now directly owns 378,707 shares in the company, valued at approximately $431,725.98. This trade represents a 5.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.00% of the company’s stock.

Institutional Trading of LivePerson

A number of hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in LivePerson in the 2nd quarter valued at $32,000. Wolverine Trading LLC increased its holdings in shares of LivePerson by 104.1% in the third quarter. Wolverine Trading LLC now owns 32,121 shares of the technology company’s stock valued at $40,000 after purchasing an additional 16,385 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of LivePerson in the second quarter valued at about $57,000. Tidal Investments LLC acquired a new stake in shares of LivePerson during the 1st quarter worth about $98,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of LivePerson by 94.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 125,352 shares of the technology company’s stock worth $126,000 after buying an additional 60,874 shares during the period. 79.83% of the stock is owned by institutional investors and hedge funds.

LivePerson Company Profile

LivePerson, Inc engages in conversational artificial intelligence. It enables brands to leverage the Conversational Cloud's intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The company offers the Conversational Cloud, an enterprise-class digital customer conversation platform, which enables businesses and consumers to connect through conversational channels, such as voice, in-app, and mobile messaging.